Downside momentum with reversal and retracement seems like profit booking. Suzlon Energy share price declined nearly 5% on Monday, 1 June, after the Securities and Exchange Board of India (SEBI) imposed penalties totalling almost R29 crore on the renewable energy company and several former executives for alleged violations related to financial reporting, disclosures, and corporate governance practices. On 29 May, the market regulator found that Suzlon and several former management members had violated the SEBI Act, the PFUTP Regulations, and listing disclosure requirements. This new order supersedes a previous adjudication decision made in June 2025 and affirms numerous infractions. SEBI imposed fines on various former executives, including Vinod R. Tanti ( ₹5.75 crore), Girish R. Tanti ( ₹5.45 crore), former Group CFO Kirti J. Vagadia ( ₹1.5 crore), and former CFO Amit Agarwal ( ₹30 lakh). $SUZLON